You are viewing:-
you're reading...
1.Market Observations, 8.Was Sticky

24 Feb 2017 (AFR) – Capex investment strike grinds on; Business keeps brakes on capex

(24 February 2017, AFR, p3, by Jacob Greber)

‘Australia’s long four-year investment slump is set to continue through most of 2017, with official figures showing spending by companies on new buildings, equipment and machinery fell for a fourth straight quarter late last year. Figures published less than a day after Reserve Bank of Australia governor Philip Lowe pleaded with business to take the lead in investing for growth and infrastructure showed total spending fell 2.1 per cent last quarter from the previous three months.’

Read more at AFR.com (might need AFR login access, or try: AFR.com/trial)

Advertisements

About robertbrain

Brainy's Share Market Toolbox. Read the honest truth about the sharemarket. Develop or fine tune your investing/trading strategies using share price charts (technical analysis), or learn about the investment strategies of others. Melbourne (Australia) based - supporting share market investors and traders to build wealth through smarter investing using my Share Market Toolbox arsenal of weapons to tackle the market.

Discussion

No comments yet.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: